Common use of Quorum; Required Vote Clause in Contracts

Quorum; Required Vote. A quorum of any meeting of the Voting Members shall require the presence in person or by proxy of Members holding a majority of the applicable Voting Shares held by all Members. Subject to Section 4.09, no action at any meeting may be taken by the Members unless the applicable quorum is present. Subject to Section 4.09, no action may be taken by the Members at any meeting at which a quorum is present without the affirmative vote of Members holding a majority of the applicable Voting Shares held by all Members.

Quorum; Required Vote. A quorum of any meeting of the Voting Members shall require the presence in person or by proxy of the Voting Members holding a majority of the applicable Voting Shares Units held by all Voting Members. Subject to Section 4.093.3, no action at any meeting may be taken by the Voting Members (i) unless the applicable appropriate quorum is present. Subject to present and (ii) except as otherwise provided in Section 4.095.3(b), no action may be taken by the Members at any meeting at which a quorum is present present, without the affirmative vote of Voting Members holding a majority of the applicable Voting Shares Units held by all Voting Members.